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Prince Harry and his wife Meghan have stepped back from their roles in the Royal Family, after rumours about a huge announcement proved correct.

The couple have published a statement about their future and how they plan to raise their son, Archie.

It includes details about future living arrangements, but emphasises a loyalty to Her Majesty The Queen.

And Harry and Meghan also signal intention to carve a new 'progressive' role for themselves.

Here are 7 things you need to know:

1 - Decision took 'many months'

The move took 'many months' to decide on, the couple's statement said.

2 - Choice to not serve as 'senior members' of Royal Family

We can probably expect to see the couple performing fewer public duties.

They said: "We intend to step back as 'senior' members of the Royal Family."

3 - Goal to be financially independent

In a move that republicans will cheer, the Duke and Duchess of Sussex suggested they would try to be financially independent of support from the Royal Family.

4 - Couple plan to split time between UK and North America

The couple are rumoured to be relocating to Canada but their statement kept it vague, suggesting they would split their time between North America and the UK.

5 - But they want to 'honour duty to The Queen'

Despite the big revelations in the statement, it stresses throughout that they want to continue to support The Queen, who is widely expected to hand over more and more duties to son, Prince Charles, and grandson, Prince William.

6 - Desire to raise son Archie with 'space'

It is perhaps unsurprising that the statement mentions Harry and Meghan's little boy.

It said: "This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity."

7 - 'Full details' still to come

The statement ended by suggesting more details would follow.

Harry and Meghan statement in full

The Duke and Duchess of Sussex have issued a personal message on their future.

They say: "After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution.

"We intend to step back as 'senior' members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen.

"It is with your encouragement, particularly over the last few years, that we feel prepared to make this adjustment.

"We now plan to balance our time between the United Kingdom and North America, continuing to honour our duty to The Queen, the Commonwealth, and our patronages.

"This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity.

"We look forward to sharing the full details of this exciting next step in due course, as we continue to collaborate with Her Majesty The Queen, The Prince of Wales, The Duke of Cambridge and all relevant parties. Until then, please accept our deepest thanks for your continued support."